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ERA® REAL ESTATE BECOMES TITLE SPONSOR OF CLAY COURT CHAMPIONSHIPS Parsippany, NJ (December 7, 1998) – ERA® Real Estate, one of the nation's leading real estate franchise brokerage systems, today announced that it has signed an agreement to become the title sponsor of the Clay Court Championships, a United States Tennis Association event held at Disney's Wide World of Sports complex at Walt Disney World Resort near Orlando, FL. The event will be known as the ERA Real Estate Clay Court Championships, A USTA Event presented by 100% Colombian Coffee. The 1999 tournament marks ERA’s second year of involvement with the Clay Court Championships. "We are very excited to be affiliated with one of the most prestigious tennis events in the world," says Peter Burgdorff, ERA Real Estate President and CEO. "The title sponsorship of the U.S. Men's Clay Court Championships will help us build and strengthen the ERA Real Estate brand among target audiences throughout the world. It will also help us to further solidify our commitment to our 28,000 brokers and sales associates." A World Series event on the Association of Tennis Professionals (ATP) Tour, the finals of the ERA Clay Court Championships (April 19-25) will be broadcast on the CBS Television Network. The tournament, making its third consecutive appearance at the Disney sports complex, is the second oldest in United States history. It annually features 32 of the world's top men's players competing in singles and doubles competition. Going into its 89th year, the Clay Court Championships is one of the most prestigious national tennis championships in the world. Past winners of this long-standing USTA event include six-time winner Bill Tilden (1922-27), Jimmy Connors (1974, '76, '78, '79), Bobby Riggs (1936-38), Arthur Ashe (1967), Andre Agassi (1988), and Michael Chang (1997). The 1998 U.S. Men's Clay Court Championships proved to be one of the ATP Tour's best events of the year, as No. 3 seed Jim Courier defeated top-seed and defending champion Michael Chang 7-5, 3-6, 7-5 at Disney's Wide World of Sports complex in a two-hour, 44-minute marathon. "ERA Real Estate is a distinguished company with a clear commitment to its brokers and consumers," says Flo Bryan, Manager of Business Development for Walt Disney Attractions. "We are confident that as title sponsors of the Clay Court Championships, ERA will help the tournament continue to be among the best and most exciting events on the ATP Tour." Founded in 1971, ERA Real Estate is a leader in the residential real estate industry with a heritage in developing consumer-oriented products and services, such as ANSWERS, a free, easy-to-understand book that answers the most frequently asked questions about buying and selling homes and the ERA Sellers Security® Plan, a unique program that assures consumers "We Will Sell Your House, or ERA Will Buy It."™ ERA Franchise Systems LLC, a subsidiary of Cendant Corporation (NYSE: CD), is a leader in the residential real estate industry with over 25 years experience in developing consumer-oriented products and services. The ERA Real Estate network includes more than 2,600 independently owned and operated brokerage offices with more than 28,000 brokers and sales associates throughout the United States and 19 other countries. ERA is available to consumers on the Internet at www.era.com. Spread over some 200 acres, Disney's Wide World of Sports complex hosts more than 30 sports in professional and amateur competition and training. The state-of-the-art facility is home to more than 30 Amateur Athletic Union national championships, Atlanta Braves Spring Training, the only permanent version of the NFL Experience, Harlem Globetrotters training camp and holiday series and the Official All Star Cafe.
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